Westchester County Office ViewPoint - Redistribution of Space Makes Way for a Healthy Market - April 2018

The trend of adaptive repurposing is resulting in substantial positive changes to Westchester County's office market. Adaptive repurposing, or reuse, is the process of converting older, often vacant office buildings into medical, retail, residential, or other non-traditional office space uses. Westchester County is benefitting from adaptive reuse in several ways, as this process improves communities by offering services they can use, such as health clubs or residential units, while simultaneously providing landlords additional opportunities in a market not experiencing robust leasing activity.